Innorulse Resolves 250 Won Cash Dividend per Share with 40% Payout Ratio... "Active Shareholder Return Practice"

Innorools demonstrated a shareholder-friendly approach by resolving to pay a cash dividend.

DX automation solution and low-code specialist Innorools (CEO Gilgon Kim) decided at a board meeting on the 4th to pay a dividend of 250 KRW per share.

Since its listing on KOSDAQ in 2022, Innorools has actively pursued shareholder return policies by paying year-end dividends annually. This year's total dividend amount is approximately 1.264 billion KRW, with a dividend yield of 3.9%, a payout ratio of 40.1% on a separate basis, and 41.1% on a consolidated basis. The dividend record date was December 31 of last year, and the dividend will be paid within one month from the date of the regular shareholders' meeting scheduled for March, after approval.

Gilgon Kim, CEO of Innorools, stated, "The 10-year average payout ratio in Korea is 26%, which is significantly lower than the US at 42.4%, Japan at 36%, and China at 31.3%. Innorools will actively pursue shareholder return policies to expand the payout ratio to a global level, befitting the status of a global IT company recognized for its technological capabilities."

Innorools generates stable profits based on high technological capabilities and financial stability. Last year, annual sales reached 23.7 billion KRW, operating profit was 2.4 billion KRW, and net profit was 3.07 billion KRW, significantly exceeding the full-year sales target for 2023 (15.5 billion KRW). The company signed large-scale IT system construction contracts with Samsung Fire & Marine Insurance, Samsung Life Insurance, Heungkuk Life Insurance, SK Shieldus, among others, achieving record-high orders and sales.

Meanwhile, Innorools is leading digital transformation (DX) automation across various industries based on its independently developed solutions. Through low-code software, it enhances IT system efficiency and corporate competitiveness with easy management. Leveraging these strengths, the company has secured numerous clients in the domestic financial sector?including insurance companies (adoption rate 62%) and card companies (adoption rate 75%)?as well as in manufacturing, public sector, distribution, services, and the Japanese market, leading the enhancement of companies' digital transformation capabilities.